Get started

CFD

[XAUUSD] May 13, 2020 - ALuoTradingJournal***XAUUSD *** Resistance Level Entry: 1717 (Depend on the Candlestick signal) SL (final point for changing in direction) : 1750 (Depend on the Candlestick signal) TP Resistance level (Ideal TP): in between 1626 ~ 1650 Comment: Since after the big drop of 30% with oil, gold spread has not been normal for most platforms. It will not be a considering instrument to currently trade. However, it is still good to keep an eye on the trend, to see how it will go in longrun. (Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.) Roger V WeChat: lokiho512 Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
FOREXCOM:XAUUSDShort
by aluotradingjournal
OIL PRICES: Recent EventsOIL PRICES: Recent Events The price of oil decreased substantially in 2020 due to the COVID-19 pandemic and the 2020 Russia–Saudi Arabia oil price war. On 20 April, WTI Crude futures contracts dropped below $0 for the first time in history. Oil Prices collapse into negative prices on Monday was a clear warning of just how scarce storage space for oil is getting. The following day Brent Crude fell below $20 per barrel. "It will take time and money to turn it back on. It's not like a light switch," David Trainer, CEO of New Constructs, an investment research firm based in Nashville. The outbreak of Coronavirus impacted the oil price as many people are staying home. The social-distancing and stay-at-home orders are thought to partly be one of the major factors that crippled the oil price market in the first place. Return of the oil boom is speculated to be coming in the next few months as the world reopen after COVID-19 lockdowns. The demand of oil is thought by experts to return and in turn increase oil prices in the coming months. "When demand comes back online, there won't be as many people there to make the oil," said Trainer. Profiting from a oil price CFD increase: Let’s say you buy an oil price contract at a current market price of US$11.55 per barrel, believing the market price will rise by a certain time. If the oil price has risen at the expiry of the contract, you’ll make a profit based on the difference between the buy and sell price. However, if oil price falls below the buy price at the point when the contract expires, you’ll lose the trade. Heikinashi Fibonacci Resistance Level: $28.77 Heikinashi Fiboacci Support Level: $0.06
TVC:USOILLong
by CeoCodes
3
XAUUSD | Double Top Update Please support this idea with LIKE if you find it useful. From previous idea we have a Double Top. Currently price is testing Support Node which contains Support Trendline + Ichi Cloud + 50 MA. If we have a confirmed breakout of this Support Node we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XAUUSDShort
by Anpu
3